Adopted Budget Book FY 23-24 Final with TOC links - Flipbook - Page 182
FUND: GENERAL - 001
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Cost Efficiency: The Department is demonstrating efforts to find cost-saving opportunities and
operational efficiencies within the department itself is another indicator of success.
Recommendations for Improvement: In the departmental successful performance outcome, there
are some recommendations for improvement:
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Investment Management: The Finance department should effectively manage the city’s investments to maximize returns while adhering to investment policies and regulations.
Training and Development: Invest in ongoing training and professional development for finance
staff to keep them informed about evolving financial practices and regulations.
Supplier Training: Provide training and resources to suppliers to ensure they are well-informed
about City procurement processes and requirements.
Data Analytics: Implement data analytics tools to gain insights into procurement patterns, identify potential cost-saving opportunities, and optimize vendor selection.
The Finance department ultimately demonstrates the department’s commitment to sound financial
management practices, transparency, and accountability, contributing to the City’s overall fiscal
health and stability.
Finance Department’s Key Performance Indicators (KPIs)
Strategic Plan Priority
Competent & Effective
Government
Competent & Effective
Government
Total Finance Services
Competent & Effective
Government
Competent & Effective
Government
Total Purchasing Services
180
Strategic
Plan Goal Measures Type
City of Eustis, Florida
Adopted Budget
Goal #3 Outcome
Program Performance
Monthly Accounts
Payable Checks
Goal #3 Outcome
Monthly Payroll Checks
Goal #3 Outcome
Goal #3 Outcome
Number of Total
Purchase Orders
Number of Total Sealed
Bids
Estimated Projected
FY
FY
2022-23
2023-24
Actual FY
2020-21
Actual FY
2021-22
500
533
543
547
300
800
294
827
302
845
305
852
829
866
870
875
13
842
11
877
14
884
15
890
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